Day: September 16, 2008

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AUSTRALIAN PROPERTY ATTRACTS GROWING INTERNATIONAL ATTENTION

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As the Australian property market continues to register annual growth of around 15%, a growing number of property professionals are looking to target the potential investors hitting the relatively untapped overseas market in the country. The latest company to establish itself as a presence in the industry is Australianinvestmentproperty.co.uk, which aims to offer visitors to its site a selection of luxury properties, spread throughout Australia’s property hotspots. The site features off-plan and new-build investment opportunities in Melbourne, Sydney, Brisbane, and the Gold Coast. Where the portal differs from other multi-country sites, is that all of its properties are available exclusively … Continue reading AUSTRALIAN PROPERTY ATTRACTS GROWING INTERNATIONAL ATTENTION

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NEW VISA RESTRICTIONS COME INTO EFFECT ACROSS PANAMA

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The Panamanian government has issued new visa restrictions across a range of categories for international visitors to the country that will have a direct affect on agents selling Panama to overseas buyers. Effective at the start of this month, one of the main changes that will impact on Russian and other nationalities that are starting to snap up real estate in growing numbers in the country, is the permanent residency situation. A preferred method of purchase by Russian investors, a buyer will now have to purchase a property in excess of $300,000, up from $200,000 in August. Previously UK, European … Continue reading NEW VISA RESTRICTIONS COME INTO EFFECT ACROSS PANAMA

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KYERO LAUNCHES PORTAL47.COM

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OPP has learnt that Spanish property portal Kyero.com has soft launched a new company, Portal47.com, which will allow property portals in other countries to benefit from Kyero.com technologies. Deriving its name from Kyero’s research which suggests that there are now 47 countries in which British buyers are active, MD Martin Dell told OPP: “This is a complete turn-key service that will utilise the technology that exists within the Kyero.com site,” he explained. “Over the course of its history, we have spent some €2million on the development of the site. We realised that it solved a number of problems common to country-specific … Continue reading KYERO LAUNCHES PORTAL47.COM

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AIR FRANCE TO LAUNCH A RIVAL SERVICE TO EUROSTAR

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Faster rail journeys from the UK to France, the Netherlands and Germany could be a reality in two years as Air France-KLM has signalled its intention to run a rival train line to the current Eurostar service. Journey times are expected to be slashed from the 2hr 15min it currently takes to travel from London to Paris to just under two hours, with fares also predicted to fall when competition increases. The airline plans to launch its London to Paris and Paris to Amsterdam service by October 2010 according to reports. “This shows that airlines now realise that high-speed rail … Continue reading AIR FRANCE TO LAUNCH A RIVAL SERVICE TO EUROSTAR

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CYPRUS CONCERNED OVER EUROPEAN COURT RULINGS

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As talks continue to find a solution to the Cyprus problem, a sense of pessimism exists in the Republic of Cyprus with fears that several cases about disputed land and property set to be ruled upon by the European Court of Human Rights (ECHR) and the European Court of Justice (ECJ) next year will not go its way. In a closed meeting last week, the Cyprus House Legal Affairs Committee was briefed by attorney-general Petros Clerides on the progress of cases at the ECHR and ECJ, with delegates leaving the meeting uncertain about what lies ahead for 2009. “Of course, … Continue reading CYPRUS CONCERNED OVER EUROPEAN COURT RULINGS

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SPANISH GOVT THROW DEVELOPERS A €3BN LIFELINE

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Spanish Prime Minister Jose Luis Rodriguez Zapatero has announced his government’s intentions to provide developers with a €3billion lifeline to help certain companies survive the economic downturn across the country. Speaking at a press conference on Wednesday, Zapatero outlined his plans amidst severe criticism of his government’s handling of the country’s economic situation, which has left over 2.5 million people unemployed – the majority from Spain’s once booming property sector. Under the plan, the government would provide struggling developers, unable to raise finance due to the large amounts of unsold stock and the credit crunch, financial assistance on the condition … Continue reading SPANISH GOVT THROW DEVELOPERS A €3BN LIFELINE